Purepoint Uranium Group Announces Intention to Extend Warrant Term

Purepoint Uranium Group Inc. ( TSXV: PTU ) ("Purepoint" or the "Company") announces that the Company intends to apply to the TSX Venture Exchange (the "Exchange") to extend the expiry date of a total of 35,838,000 outstanding common share purchase warrants ("Warrants") issued by the Company in connection with a private placement of flow-through units and common share units of the Company which was completed on December 17, 2020 (the "Private Placement").

Each Warrant entitles the holder to acquire one common share in the capital of the Company at an exercise price of $0.08 for two years following the closing of the Private Placement. The Warrants are currently due to expire on December 17, 2022 and the Company is applying to the Exchange to extend the expiry date of the Warrants to June 17, 2023. All other terms of the Warrants, including the exercise price, will remain the same.

The expiration […]

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